Arlen Specter: “I don't think anybody can realistically make that argument. One factor is difficult, and that is, with whom would we…”

“I don't think anybody can realistically make that argument. One factor is difficult, and that is, with whom would we contract to make the loan? I must confess that gives me some pause. When a trustee takes over, a trustee is appointed by the court. If a trustee takes over a company that has been mismanaged, or where the directors or officers have committed fraud, the trustee has carte blanche to run the company--in this case, run the country. I believe it would be possible for the United States to undertake what we are doing here, under the watchful eye of others, because others will be watching--we can count on the French for that, if for little else, and we can count on the Germans for that, if for little else. Under the watchful eye of others, we can discharge the fiduciary duty as trustees, and we are good for our word, and we are honorable, and we are there to help the Iraqi people. While some may doubt that, we can prove it, so that what we do would be used for the benefit of the Iraqi people. It is my hope the efforts now by Secretary of State Colin Powell to bring in a U.N. resolution will be successful.”